Tag Archives: local tender

Eurozone macro orthodoxy: Options for the coming reversal | vox

http://www.voxeu.org/article/eurozone-macro-orthodoxy-options-coming-reversal These are interesting policy options. They are also not completely new – the idea of a local tender hasb been expressed before on VoxEU and elsewhere. But the main point is that there is an escape to the destructive austerity policies without leaving the euro.